tag:blogger.com,1999:blog-35921470.post4254233601275020947..comments2023-07-16T06:34:24.888-04:00Comments on Tales Of Two Cities: A Perfect Trifecta for HoCo Bondswordboneshttp://www.blogger.com/profile/00250201271555676642noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-35921470.post-59067021100186249332010-02-17T09:54:17.221-05:002010-02-17T09:54:17.221-05:00B/c the ratings agencies are always correct, indep...B/c the ratings agencies are always correct, independent, and operate solely for the good of investors...jennoreply@blogger.comtag:blogger.com,1999:blog-35921470.post-73022985594653429932010-02-10T13:54:20.823-05:002010-02-10T13:54:20.823-05:00It is not likely to affect the bond rating. Local...It is not likely to affect the bond rating. Local government debt evaluation does not consider gross assets held by the issuer. <br /><br />However, a shortfall in revenue itself may trigger a warning on the next review, depending on how spending and gross debt changes. I've got some nifty models for measuring these things.Anonymoushttps://www.blogger.com/profile/14603640325859351120noreply@blogger.comtag:blogger.com,1999:blog-35921470.post-15408243499634702412010-02-10T12:20:06.615-05:002010-02-10T12:20:06.615-05:00It seems obvious to me that we are AAA largely due...It seems obvious to me that we are AAA largely due to the wealth of the tax base, not because of any current or previous administrations. <br /><br />And it's important to note that this does not mean we should borrow more.Freemarketnoreply@blogger.comtag:blogger.com,1999:blog-35921470.post-43779299749427452942010-02-10T11:42:37.392-05:002010-02-10T11:42:37.392-05:00It would be interesting to see whether cutting int...It would be interesting to see whether cutting into the rainy day fund would affect the rating. I agree that it does speak well for the administration, especially since bond ratings took hits over the past two years.Tom Coale (HCR)https://www.blogger.com/profile/03637571896291463784noreply@blogger.com